The Sentix index measuring investor morale in the euro zone currency area improved significantly more than expected in July, with its third increase in a row bolstered by growing investor confidence and brighter expectations, particularly in Germany.
Economic Expectations
Economic expectations for the 21 countries using the euro turned positive again for the first time since March, jumping 15.8 points to 9.3 points in July. The current situation subindex is also on an upward trend, though at a slower pace, rising to -14.8 points from -20.0.
The survey of 974 investors, 195 of which were institutional investors, was taken from July 2-4. The index shot up to -3.1 points in July from -13.4 the month before, beating a forecast of analysts polled by Reuters for -10.0 points.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
